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These days, finding an affordable place to live in the Montebello area can be challenging. Home prices in Montebello are now at a median cost of $683,448, lower than the California average of $812,006.
The average cost of rent is $1,860/mo in Montebello, primarily driven by the current value of real estate in the Montebello area. In Montebello, 54.43% of households rent, and 41.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montebello is $7,016 per month. Households that rent pay about 26.50% of their income on rent here. Montebello’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pico Rivera, CA: equally priced homes
- Commerce, CA: less expensive homes
- Monterey Park, CA: higher priced homes
- East Los Angeles, CA: equally priced homes
- West Whittier-Los Nietos, CA: equally priced homes
- Rosemead, CA: higher priced homes
- Bell Gardens, CA: less expensive homes
- Maywood, CA: equally priced homes
- Vernon, CA: higher priced homes
- South El Monte, CA: less expensive homes
Cities with Similar Populations
- Cincinnati, OH: less expensive homes
- Cambridge, MA: higher priced homes
- Camarillo, CA: higher priced homes
- Centennial, CO: equally priced homes
- Canoga Park, CA: equally priced homes
- Carmel, IN: less expensive homes
- Canyon Country, CA: equally priced homes
- Castle Rock, CO: equally priced homes
- Carlsbad, CA: higher priced homes
- Canton, OH: less expensive homes
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